As of December 13, 2019, reporters were concerned. Shanghai, Shenzhen and Hong Kong three cities 107 textile and apparel listed companies 2019, three quarterly report Has been disclosed. The performance report shows that The 33 companies' operating income and net profit attributable to shareholders of listed companies increased by double, while the net profit of 31 companies and shareholders belonging to the listed companies decreased by two times. Net profit growth of nearly 50% Enterprises
Statistics on net profit growth attributable to shareholders of listed companies include 52 companies net profit growth, 21 companies net profit growth of over 30% 。 Black peony, Saturday, Shanghai San Mao, Pathfinder, Zhejiang Fu run, news bird, Huamao shares Net profit attributable to shareholders of listed companies increased rapidly, at 462.60%, 432.56%, 422.37%, 293.22%, 152.54%, 131.28% and 106.76% respectively. Hengli petrochemical, Ordos, Xinlong holdings, BHP, Dongsheng Hong The net profit attributable to shareholders of listed companies increased by 50%, 86.64%, 84.12%, 67.73%, 51.09% and 52.23% respectively.
Statistics on net profit decrease attributable to shareholders of listed companies The net profit of 53 companies declined, and the net profit of 34 companies dropped by over 30%. 。 Lovely birds, American dress, La Natsu Bell, Jia Linjie, Tanaka, modern machinery, modern Avenue, and so on. The net profit attributable to shareholders of listed companies declined significantly, at 1134.18%, 692.42%, 444.7%, 284.50%, 199.82%, 143.05% and 108.51% respectively. Three dimensional silk, Hasen shares, Zhongtai chemical, INTERCHINA group, Shanshan stock, Cixing stock, Sanyou chemical, Hua Fengchao fiber and red dragonfly. Net profit attributable to shareholders of listed companies fell by 50%, 94.03%, 87.20%, 79.81%, 74.29%, 72.71%, 70.28%, 65.82%, 62.57% and 51.04% respectively.
Insiders believe that The reason for the slight decrease in the first three quarters of 2019 was mainly due to the uncertainty of the foreign trade environment, and the slowdown in the demand for overseas customers. Meanwhile, the domestic downstream demand growth slowed down, and the internal and external orders were under pressure. The decline in profitability is due to the shortage of orders, which leads to a decline in capacity utilization, an increase in unit costs, a superimposed reduction in stock prices and a continuous fall in cotton prices. In terms of operation, inventory backlog and inventory turnover slowed down, but the company was more cautious in stock preparation and reduced in expenditure and increased in cash flow. However, some of the leading enterprises in textile industry are still growing at a high speed. Part of the textile business transformation results show
The black peony, which achieves double growth in revenue and net profit, is responsible for the change in the whole year's performance in 2019. Based on the company's most real estate projects in 2019, the settlement period was concentrated in the second, third quarter. After preliminary calculations, it is estimated that the net profit attributable to shareholders of Listed Companies in 2019 will increase by about 20% compared with the previous year. The main reason for the growth of Zhejiang's fortune is that the main business of the company has maintained steady growth.
The reasons for the change in Huamao share are: During the reporting period, the company realized the proceeds from the sale of some shares held by Guotai Junan Securities and the investment income recognized by the dividends according to the accounting standards, which increased the net profit attributable to shareholders of listed companies this time. At the same time, the company actively promoted the structural adjustment and transformation and upgrading of the textile business, and the textile business profits rebounded steadily.
It is understood that Hengli Petrochemical since May this year, the company's wholly-owned Hengli 20 million ton / year refining and chemical integration project took the lead in the industry and entered the performance contribution period, benefiting from the continuous, stable and efficient operation of the refinery after its commissioning. Large refining assets became the main driving force to promote the rapid growth and profitability of the listed companies in the two or three quarter. 。 In addition, the average price difference of domestic PTA industry has been widened than that of the same period last year, driving the company's profit growth.
The reasons for the change in employment performance, said Dong Sheng Hong. During the reporting period, the company's production and operation is stable and its profitability is good. The reasons for the change in the current performance are mainly due to the company's impairment of goodwill prepared in the same period last year. Confined operation of enterprises in adjustment period
Xinlong holdings announced that During the reporting period, the company's operating income and profitability increased over the same period last year. Net profit attributable to shareholders of listed companies has been substantially reduced compared with the same period last year. However, due to the fact that the expansion projects of Hubei base and Hunan base are still under construction, no new benefits have been formed. At the same time, in order to enhance market competitiveness, the company increased its R & D investment in the main business of the nonwoven industry during the reporting period, resulting in a three quarter performance deficit.
Despite the brilliant results of Sanmao's three quarterly report in Shanghai, the business related to the textile industry is affected by the external trade environment. The import and export trade revenue has declined, the cost of self run business has increased, and there has been a loss in business.
Jialin Jie announced the decline in performance. The company has transferred the related assets and liabilities of the textile business to the wholly-owned subsidiary of Shanghai Jialin Jie Textile Technology Co., Ltd., and carried out the corresponding accounting treatment. 。 After careful assessment of the company structure and business system after the asset transfer, the company decided to write down the book value of the deferred income tax assets that had been included and recorded the income tax expense accordingly, thus having a greater impact on the current net profit.
The performance report shows that Home textile companies online recovery, offline differentiation is obvious. The performance of mercury home textiles has recovered rapidly, and the income of Luo Lai has kept steady. The company's performance decline is mainly due to the company's strengthening of channel inventory clearance, slowing down the delivery rhythm and increasing the rate of sales expenses.
It is not only the differentiation of textile and home textiles. In the clothing section, before the brilliant performance of some casual wear, women's clothing enterprises also suffered a decline in performance. Casual wear, women's wear business decline
In the first three quarters of this year, local casual wear enterprises Costumes, search for special birds, and Taiping birds and B. B. There has been a decline in different ranges. The reason for this year's net profit is a big decline. As the main business income declined, sales expenses and provision for bad debts increased significantly. Sales of main brand "noble birds" decreased.
In the first half of the year, due to the impact of the delivery period, the new products listed in the spring and summer of 2019 were postponed and failed to meet market demand in the first half of the year. The supply chain delivery problem has gradually improved in the second half of the year. The new products in autumn and winter are listed on demand. The three quarter operating income declines significantly narrowed compared with the first half of the year, and the fourth quarter is expected to continue this trend.
Industry insiders believe that More than ten years ago, the competition environment for domestic casual wear market was relatively loose, and many enterprises achieved high growth and high returns. 。 But as foreign fast fashion and leisure brands enter the domestic market, the leisure wear market tends to be saturated. In the past two years, some enterprises have seized opportunities such as children's clothing and sinking market to win space for performance growth. There are many corporate owners who have failed to fill in the market when their brands have slipped.
In addition, the performance of La Natsu Bell and modern Avenue declined sharply. La Natsu Bell announced that The main reason for the loss is the year-on-year decline in operating income and the accelerated digestion of seasonal products, resulting in a year-on-year decrease in gross margin and a corresponding decrease in gross sales. At the same time, La Natsu Bell continued to close inefficient inefficient shops, resulting in accelerated amortization of long term prepaid expenses, which was affected by the new leasing criteria. At the same time, during the reporting period, the decline in reserves and provision for bad debts increased year by year, thereby affecting net profit. In addition, La Natsu Bell's implementation of the new leasing criteria also has a negative impact on the current net profit.
The modern Avenue announcement said The company's wholly owned sun fashion Boulevard Agel Ecommerce Ltd intends to make an impairment on its intangible assets (modern fashion platform APP software). 。 A wholly owned subsidiary of the company, the card slave Road clothing and joint stock (Hongkong) Co., Ltd. intends to reduce the assets of its intangible assets (some trademarks). Outdoor products enterprises release potential
In recent years, we have been focusing on outdoor products. Pathfinder By continuously enhancing the competitiveness of products, we further enhance the influence of brand culture and brand spirit on users' spread, and finally achieve the three quarterly performance counter attack. The Pathfinder is also promoting the upgrading of the offline shop under more specific sense, the meticulous management of sales terminals and the continuous improvement of the channel structure. At the same time, it is reasonable and effective to control various expenses. It is expected that the current non recurring gains and losses will also increase compared with the same period last year, and the loss of non outdoor main businesses also decreased compared with the same period last year.
The net profit growth rate of the company is higher than that of revenue, mainly due to the rise in gross profit margin, loss in asset impairment, and decrease in income tax rate.
Zhongtai Securities Research Report analysis pointed out that Under the background of the weak demand of the whole industry, the leading industry with better growth has a significant advantage. At the same time, every sub enterprise should pay attention to the risk of macroeconomic slowdown and the slowdown in consumer demand, resulting in less than expected sales of brand clothing and risks such as cotton price changes.
